Officers' Voice, January 2019
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RegisteredOfficers’ with RNI, DelhiVoice, Regn. No.January KARENG/2005/14831 2019 1 438 Vol 37 - 7 January, 2019 January will write foreword for another change of sheets and explanations), Branch Managers were guard at the top in Corporation Bank. It will not be at ease as they were not forced to go to market out of place to evaluate, what we gained and what and “book any credit proposal” to satisfy their we lost in the last three years. bosses. (It was the other extreme when a few Zonal administrations and certain functionaries at The first and foremost in this is the visible and HO dissuaded the BMs from booking proposals of appreciable management of Bank’s Balance Sheet. At any nature!) altogether an odd time, with all the negative industry phenomenon ruling in the Bank too, sustained Thirdly, Bank embarked upon an unprecedented actions brought the Bank back into the reckoning in recovery mission – Halla Bol, Zore Se Halla Bol, terms of needy trimming the size of Balance Sheet OTS, Compromises, SARFAESI actions – the entire (which CBOO had suggested way back in 2013-14), Bank was on a single move – recover, recover and shedding the bulk, improving in cost of deposits (by recover (without any corresponding lend and lend). bringing it down) and the like. One may question the A big contingent of armed forces was deployed in reduction in the size of Balance Sheet – the way in Recovery Division, HO for this purpose and Bank which deposits and advances were brought down. scored high points in this direction (However, a tiny But it was warranted after the injurious bulk deposits section used this only for a ‘Photo Ops’). and advances which bloated the size of Balance In contrast to all the above, the most painful Sheet instantly, but impacted the health of the Bank development during the tenure was the loss of very in terms of cost and NPAs. The worries may further valued and long standing customers of the Bank. recede in the next fiscal with probable exit of the Bank The Finacle has given body-blow to the business; from PCA. the snags in internet banking further increased Secondly, the Branches breathed freely due to absence the gap between the Bank and the customers. of any pressure to lend. After witnessing forceful daily The ‘Feel Good’ factor clouded the reality. No lending, persuasive agricultural lending, targeted effort was made to peep beyond, “Everything is retail lending and massive corporate lending in the OK and under control” reporting and briefing. The successive previous regimens (subsequently leading realisation of the crippling problem itself took a lot to the tsunami of suspensions, dismissals, charge of time. Corrective actions came after inordinate Editor Asso.Asso. Editor Editor Members Advisor Edited and Published by Ekanath Baliga G. SatishRaghuraman Shetty H.S. Vishwanath T.R. Bhat Ekanath Baliga Satish Shetty K.B. Prasada Y. Sudhindra on behalf of the Owners : Printed by: Founder Editor : Sri T.R. Bhat Corporation Bank Officers’ M. Rajesh Dange Licensed to Post Under Organisation (Regd.) Codeword Process & Printers LicensedLicense to MNG/128/2015-17 Post Under License 106, Lobo Prabhu Court Falnir, Mangalore - 575 001 L/MNG/128/2018-20& SK/MNG/WPP/7 & SK/MNG/WPP/7 Light House Hill Road, Mangalore - 575 001 e-mail: [email protected] * Visit us @ our website:www.cboo.org * Phone: CBOO Central Office : 2422712, 2422501 * CBOO CENTRE : 2493 698 Officers’ Voice, JanuaryJanuary 20192019 2 delay. By the time, the damage had already been in Scale I, II, and III (rarely above that). Unseen caused. Reluctance to act upon the feedback hands involved in pressurising, forcing and and promptly was visible frequently. Reluctance dictating, merrily survived. Threats of suspension to establish, continue and find customer contact and dismissals during the Video Conferencing has been another factor in loss of business and dampened the spirits of the officers. Vigilance absence of fresh connections. machinery was made to work overnight and Bipartism was at serious loss during the period. overboard. Relationship was existing. But there was no Every optimist will feel that in an institution’s warmth (like the ‘about to be divorced couple’). Balance Sheet only assets must be visible. The trust was betrayed when a particular None wants liabilities or to be that. But in our agreement was negated to be implemented - Bank, during the last three years, our actual and unheard in the history of bilateralism in the Bank intrinsic assets have dwindled. Our goodwill has as well as industry. In the 98th Joint Meeting taken a severe beating; our reputation, tonsored; held in July, 2017, it was agreed to enhance the our name, tarnished; our liabilities (not financial) EHPL limit for officers. But behind the back, there increased multi-fold; our human assets lost their was deceit – the proposal was buried alive on sheen. Whether the leader is responsible or the unacceptable and flimsy grounds – not befitting followers - either way, Bank has suffered. As a any top management. Even a team of four senior trade union, though we had a relationship, it had most General Managers had to eat the humble no significance due to lack of responsiveness as pie – their mediation was a vein effort after nothing moved properly, despite our best efforts. the discussions (and consequent concurrence Self-righteousness as a trait of the leader, with them too) were belied. A similar unilateral has never yielded positive results anywhere. action of disrespect to the employees was in Relationship is built beyond tea and biscuits; gifting silver coins during Deepavali festival this relationship becomes irrelevant when warmth year - only to the staff working at HO (and not turns into chill of silence, inaction and neglect. to those in Branches). The employees of M/s. Let’s look forward with more optimism. Wipro – the Service Integrator for Finacle – were OV found fit; but the toiling soldiers in the field were considered as unequals, misfit for the gift (small although in value). The approach towards the C O N T E N T S workforce was lacklustre, cynical and devoid of Page No. any seriousness. CBOO News ....................................................... 3 There was a total indifference towards the AIBOC News ...................................................... 3 burning issue of manpower requirement. When CBROA News ..................................................... 7 there was a possibility to recruit, misnomer Letter to the Management .................................. 8 called “SURPLUS” was quoted not to act. When marginal realisation occurred, PCA played the Banking Round up ........................................... 12 spoil sport. Though Bank has been reeling under Class Room ...................................................... 37 the shortage affecting the branches and other Letters to the Editor ......................................... 39 offices, no worthy actions came forth in time. Article.... .......................................................... 41 Disciplinary actions against the workforce were Retirements ..................................................... 43 merciless. The period recorded the highest Circular Round up ........................................... 46 ever suspensions in the recent past, crossing Miscellany........................................................ 49 quarter of a century. Dismissals and compulsory Health Watch ................................................... 50 retirements too have competed with this number. In Lighter Vein ................................................. 52 But the victims were only the hapless officers Officers’ Voice, January 2019 3 b. Adverse impact on business at Chand Kheda CBOO NEWS branch due to frequent deputations (outward). c. Shortage of one officer at SC Road due to long BRANCH VISITS deputation of one officer to ZO. MEERUT - Krishna Prasad, Zonal Secretary a. Zonal Secretary, Amit Yadav, Deputy Zonal THANE Secretary, Ravi Kumar Verma and Area Secretary Shyam Lal visited Saharanpur, Alok Paul, Deputy General Secretary, Uday Khade, Dehradun – Main, Jakhan and Connaught Assistant General Secretary, Sanjay Hile, Circle Place on 3rd October. They visited Haldwani, Secretary, Deepak Vaghela, Zonal Secretary and Gaujajali Bichli, Kichha and Rudrapur Veena Kulgod, Zonal Chairman (Elect) visited Virar, branches on 4th and Jaspur, Kashipur, Pakbara Nallasapora and Vasai- Navghar branches on 7th and Moradabad – Main on 5th. December. b. Zonal Secretary, Amit Yadav, Deputy Zonal - Deepak Vaghela, Zonal Secretary Secretary, Ravi Kumar Verma and Shushant Yadav, Activist visited Mathura, Agra – AIBOC NEWS Main, Sanjay Place, Shamshabad Road and th Kamalanagar Branches on 6 October. (PRESS RELEASE DATED 10/12/2018) c. Zonal Secretary, Amit Yadav and Zonal Lady AIBOC ANNOUNCES 24 HOUR NATIONWIDE Secretary, Archana Bisht visited Amwala STRIKE ON 21ST DECEMBER 2018 Tarala, Arkedia Grant and Soda Sarali on 1st November. ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) announces a nationwide strike call on Members brought following issues to the notice of 21st December, 2018 demanding inter-alia, full visiting functionaries: and unconditional mandate for the XIth Bipartite a. Shortage of one clerk at Jakhan, Agra - wage revision talks based on Charter of Demands Shamshabad Road, Kamalanagar and Soda submitted by four officers’ organisations viz. Sarali; one officer at Dehradun – Main, Amwala AIBOC, AIBOA, NOBO and INBOC on the minimum Tarala and Arkedia Grant (based on sanctioned wages